The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-23

shall be Grand Rivers Coal, Iron ant
Railroad Company, and its principa
place OF b ieiness shall be upon Id
property at Grand Rivers, in Living
ston county, in the State Of Kentucky
and upon the lands of said corpora
ton adjacent thereto in the counties
Of Lyon, Hopkins and Livingston, il
the State Of Kentucky.
2. The general nature OF the bust
ness proposed to be transacted by sale
corporation is to purchase, hold, sci
and convey real estate, and may sci
the timber thereon, or manufacture
the same into lumber, slaves, barreli
and wagons, and sell the articles manu-
featured, may erect sheer and othsi
booms and charge bcomsge; aud sha
have power 10 construct and operate
canals, tramways, turnpikes, railways
and Iailro ads, which may lead from
the principal works or place OF bust
ness of said corporation to the navi
gable streams, railroads, turnpikef
and public highways, and receive
send and transport it's freights and en-
ployee thereon and thereover, from ite
lands to navigable streams and exist
ing line, of railroads, turnpikes and
public highways, and may develop
and operate and mir es or minerals
or stone contained in lands il
may at any lime own or acquire
possession Of and sell the ores,
coal or stone taken therefrom; and
may erect and opel ate furnaces for the
reduction of ores, may manufacture
stone and sell the products OF said fur.
naces, coke and stone quarries; may
bore for natural gas and collect the
same in reservoirs aud pipe it to any
p ace or places, and sell and use the
same for Illuminating purposes and
fuels; may erect and operate works
for the manufacture of glsse, may con-
struct and operate cotton congresses,
manufacture brick, grain elevators,
mills, factories, FORCES, shops, tan
neries, wsterworks, gasworke, electric
lights, bridges, whsrfboats and estab-
lish ferries on or near its properties
and may build hotels and conduct the
same for the use and convenience of its
agents, employees, servants and the
general public; erect houses and resi-
dences and rent or sell the same (;
build factories and manufacture articles
Of commerce, and to carry on the gen.
eral business OF Wholesale or retail deal
ers in goods, wares and merchandise,
and to engage in the transportation OF
the products of said corporation by
steamboats,, towboats, fstboate, bsrges,
wagons and other conveyances; and
said corporation shall have power to
receive in payment of its capital stock,
real or personal properly of any char
acter or description whatever, as the
Board of Directors may determines
and said corporation shall have the
power to establish agencies in the
State of Kentucky or in any OF the
States OF Territories of the. United
States, or in foreign countries, to oper.
ate and conduct the business proposed
to be done by this corporation, and
acquire by purchase or otherwise real
estate, and construct all necessary
buildings thereon, and purchase and
acquire all manner of machinery re-
CURED or that may be convenient and
necessary to the operation and man
agement of its business, and the said
corporation ehall have the right to
own stock in any corporation operal-
ing and conducting business under
any pstente, franchises or process
necessary or convenient to the use
and eDj yment of its properties and
to be acquired upon such terms as
may be agreed upon, and thall
have power to buy from or sell
to any corporation, company or
individuals engaged in the business OF
mining or manufacturing upon such
terms and conditions, restrictions and
limitations as may be agreed upon by
tie Board OF Directors. And this cor
poration shall have power to consoli.
date with any other corporation or
corporations engaged in the like bust
ness upon such terms and conditions,
restrictions and limitations as may be
agreed upon at a meeting OF the stock
holders called for that purpose, upon
a vote of two. thirds Of the stock.
8. The amount Of capital stock au-
thorized to be issued in the name OF
said corporation is twenty millions Of
dollars ($20,000,00O, divided into
shares of 800 each, and which shall
be personal properly, and to be paid
for in money, properly, educated or
skilled labor, patents or franchises of
any nature whatever.
4. The said corporation is to com.
mence business as soon as these ar.
ticles are filed for record in the office
of the Livingston county clerk, Liv-
ingstone county, State OF Kentucky,
and shall continue business for the
period of twenty. five years, unless
sooner dissolved by two.thirds vote
If the capital stock OF said corpora.
ton.
5. The affairs Of said corporation
shall be managed by a board of d.
rectors composed of not less than
twelve and not more than twenty
seven persons, stockholders in said
corporation, snd seven directors shall
constitute a quorum when the BOARD
is composed Of twelve directors, and
fourteen. when the board is composed
of twenty-seven directors; and the
above named incorporators, to wit,
John g. Houston, A. 8. Colyar, James
Phelsn, ]. II. Eakin, J. d. Moore,
James Phillips, O. D. Pearce, Albert
Stockell, J. A. McEwen, A. B. ravel,
W. W. Smith and Isaac Reese
shall be the Board of Di.
rectors for the first year, and shall hold
their office as such until their sue
cessors are elected and qualify. The
Board of Directors shall have power to
adopt such by laws and regulations as
they may deem proper for the govern
ment of said corporation, and to alter,
abolish or modify the came at pleasure;
to appoint such officers and agents,
not herein provided for, as they may
deem proper, and to prescribe their
duties end compensation, and to re-
quire OF them bond or bonds for the
faithful performance Of their duties,
with sureties therein, and to dismiss
them at pleasure, appoint others in
their place and stead, and abolish such
officers and agents at pleasure, and any
and all powers hereby granted to the
corporation are hereby conferred upon
the Board OF Directors, and the Board
of Directors shall have power to fill all
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